Oracle Signs 10-Year Software Contract With Pentagon Worth Up To $7 Billion

Oracle has signed a 10-year Pentagon contract worth up to $7 billion to provide on-premises software, licenses, maintenance, and consulting for branches of the military. CNBC reports: The contract covers the use of Oracle software in on-premises data centers for branches of the military, the U.S. intelligence community and the Coast Guard, according to a statement. The Central Intelligence Agency was Oracle's first customer. A five-year base period for the contract includes perpetual and subscription-based software licenses, maintenance and consulting, according to one description. Kirsten Davies, the Department of Defense's chief information officer, said in the release that the agency is saving at least $441 million for taxpayers "by fundamentally improving how we procure on-premises Oracle capabilities."